Change - Announcement of Cessation::Retirement of Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
BOUSTEAD SINGAPORE LIMITED
Securities
BOUSTEAD SINGAPORE LIMITED - SG1X13940751 - F9D
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Jul-2022 21:06:36
Status
New
Announcement Sub Title
Retirement of Non-Independent Non-Executive Director
Announcement Reference
SG220725OTHR4LNP
Submitted By (Co./ Ind. Name)
Alvin Kok
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Boustead Singapore Limited wishes to announce that Mr Godfrey Ernest Scotchbrook, a Non-Independent Non-Executive Director, has given notice to the Company that he does not wish to seek re-election and will retire as a Director of the Company by rotation pursuant to Article 94 of the Company s Constitution at the forthcoming Annual General Meeting to be held on 28 July 2022.

The Board would like to place on record its gratitude and appreciation for the long service, dedication and significant contributions of Mr Scotchbrook to the Company. A strong advocate of corporate governance and a progressive thinker on many Environmental, Social and Governance (ESG) issues, Mr Scotchbrook brought diversity of thought to the Board. The Board has benefitted from his meaningful insights and constructive feedback in his various roles as Chairman of the Remuneration Committee, member of the Audit & Risk Committee and latterly, Chairman of the Nominating Committee.

Additional Details

Name Of Person
Godfrey Ernest Scotchbrook
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
28/07/2022
Detailed Reason (s) for cessation
Mr Godfrey Ernest Scotchbrook, who is retiring pursuant to Article 94 of the Company's Constitution, has decided not to seek re-election as Director at the Company's Annual General Meeting on 28 July 2022.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
21/09/2000
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Role and responsibilities
Chairman of the Nominating Committee
Member of the Audit & Risk Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
1,052,783 shares in Boustead Singapore Limited
315,834 shares in Boustead Projects Limited
Past (for the last 5 years)
Nil
Present
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